EURJPY continues the channel

Bearish:  We are currently @ 136.57 in a channel and Day chart trend. We are looking for a continuation to the ATR target @ 135.32 area with a bigger target the S5 @ 135.22 area. Watch the USDX for any change in direction. The ATR for the pair currently is 162 pips per day and its 180 day average is 153 pips per day. USDX is currently threatening down at the time of this post.  

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